Consider the same problem looking at Thanksgiving ordering for frozen turkeys: Each turkey costs the grocery store $18. In the month before Thanksgiving, the turkeys sell for $30. Historical average demand for Thanksgiving turkeys is 5250 with a standard deviation of 1436.

What should be the post-Thanksgiving sale price for optimal order quantity Q* to be equal to 5000?

Demand	Probability	Cumulative Probability
3000	10 %	10%
3500	10 %	20%
4000	10 %	30%
4500	10 %	40%
5000	10 %	50%
5500	10 %	60%
6000	10 %	70%
6500	10 %	80%
7000	10 %	90%
7500	10 %	100%

View keyboard shortcuts